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To reduce the size of GIFs using Photoshop and other tools, you can use the Picture Echo method to de-duplicate visually similar photos. GIFs are commonly used in blogs and websites, so it's recommended to optimize them for online content. Method one involves using Photoshop's Export GIF for Web option by selecting Export > Save for Web, checking the box named optimized, setting the format to GIF, quality to 75 or 85, and saving the image. Method two is to use Optimozilla online image compressor by uploading and optimizing GIFs one by one or all together. You can then download the optimized GIFs individually or all at once.